Gravita India Bags Order From Middle East Region
The Engineering and Lead Recycling Turnkey solution arm of the Gravita has received orders worth Rs. 150.00 million from Metal Lead Factory for Metals Casting and OUIWAN GROUP from Middle East Region.
As Oil economy is posing challenge of sustainability to Middle East Countries hence their Government is giving thrust to Manufacturing & Recycling Sector and many new investments are taking place in this sector.
GRAVITA a leading recycler of Lead has a niche offering in Lead Recycling Turnkey Solutions and executed over 50 projects in last few years. This first move will help company in developing its market in the developing region. The said orders will be executed by the end of December 2017."
Further the said order are from Independent International parties and the promoter/promoter group / group Companies of the Company have no interest in the entities providing the said orders neither the said orders will fall under Related Party Transaction.
- Bagged By:
- Industry:Metallurgical Industries
- Value:INR 150 Million
- Order / Contract Completion Date:2017-12-31
- Published On:2017-05-11